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20121201
20121231
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Search Results 0 to 27 of about 28 (some duplicates have been removed)
before the deadline, president obama meets with congressional leaders today in hopes of reaching a compromise. >>> and less dairy for your dollar. without action by congress by new year's day, milk prices could skyrocket. >> if we want to continue to eat, the bill needs to be passed. that's where we get our food, people. captioning funded by cbs >>> this is the "cbs morning news" for friday, december 28th, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehen
give that a try. good morning, everybody. i'm terrell morning. president obama and speaker john boehner have met trying to hammer out a deal on the fiscal cliff. the discussion was described as frank. the president is apparently holding firm on taxing the wealthy and there are signs of dissension among the republican ranks. susan mcginnis starts us off this morning. susan, good morning to you. >> hi. good morning, terrell. the two men met for less than an hour, and that's not an encouraging sign. neither of them spoke during the meeting but what we heard before and after is neither side is budging on their core decisions, this as time to make a deal grows shorter. house speaker john boehner made the short trip up pennsylvania avenue to the white house thursday to talk to president obama about the fiscal cliff. the tax hikes and spending cuts set to kick in january 1st. they met for nearly an hour. both sides describe the discussion as frank. >> i think speaker boehner has a contentious caucus. >> the president wants to pretend that spending isn't a problem. that's why we don't have an a
this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the ne
of communication are open, but time is running out for a resolution to the impending fiscal cliff. president obama and house speaker john boehner met behind closed doors sunday. it was their first face-to-face meeting since november 6, the election day, and now it look like some republicans may be breaking ranks. susan mcginnis is in washington with the latest. hi, susan. good morning to you. >> hi. many on capitol hill are encouraged by the weekend talks, but to get a deal done on time, apparently action this week is said to be critical. and now we have the president heading out on the road again. president obama leaves d.c. today, headed to michigan to talk to auto workers, part of his strategy to generate public support for his plan to avoid the fiscal cliff, the tax hikes and spending cuts due to kick in at year end. the president and house speaker john boehner met one on one at the white house on sunday. while no details were leaked, a rarity for washington, we do know the main sticking points remain. raising taxes on high earners and making cuts to entitlement programs like medicare. >> you
obama said the law was politically driven. susan mcginnis is in washington with details. good morning to you. >> reporter: good morning. yeah, the governor now says he wants the economic boost that the law would bring, the jobs and the companies that would locate there, but many disagree. workers say it's going to push down their pay and benefits and weaken unions. police stand shoulder to shoulder preparing for as many as 10,000 protesters at the michigan state capitol today. >> people have a constitutional right to demonstrate. however, all we ask is that they do it in an orderly, lawful, and civil manner. >> reporter: state legislators vote this morning on a right-to-work bill that would weaken unions. opponents acknowledge they're powerless to stop it. >> at the end of the day they'll be passed and signed by the governor. that doesn't make it right. >> reporter: the bill means michigan workers would no longer have to pay the union fees for negotiating contracts and other services. >> if i'm being provided a service by a particular organization, i don't care if that's a club due or
>>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious t
' income over $250,000 was a cornerstone of president obama's re-election campaign. but he's reportedly backing off those demands. in his latest offer to republicans, the president is seeking to raise rates on incomes over $400,000 for couples. his offer also includes a reduction in future cost of living increases for social security recipients. and he's dropping his proposal to extend the payroll tax cut. if that happens paycheck contributions would go from 4.2% to 6.2%, raising $115 billion a year to go to deficit reduction. but the president is holding firm on keeping the eligibility age of medicare at 65. republicans have proposed raising the age to 67. house speaker john boehner didn't speak to reporters as he left the white house monday. last week boehner broke the logjam when he agreed to raise some income tax rates. and while this is the most progress we've seen, there's still a long way to go. speaker boehner's spokesperson says the president's plan does not include enough spending cuts, but he is hopeful talks will continue. terrell, not over yet. >> we'll hopefully get someth
't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cu
in the streets of egypt today during a phone conversation, president obama told president mohamed morsi that the violence there is unacceptable. at least six people have been killed as morsi supporters and opponents fought outside of the presidential palace. opponents marched on the palace last night calling on morsi to step down. but in a speech to the nation he refused to compromise. holly williams is in cairo. holly, good morning to you. what's the latest there? >> reporter: some people hope that after days of protest and bloodshed president morsi would make a major concession when he addressed the nation but he didn't do that. his opponents want to have him immediately give up all of the sweeping new powers that he gave himself two weeks ago and postpone a referendum on egypt's new constitution which is due to take place in over a week. critics say the constitution doesn't protect the rights of all egyptians. president morsi didn't do either of those thing. instead he offered to give up just one of his new powers, a vaguely worded right to take any necessary measures to protect the
obama and congressional republicans remain split on raising taxes on upper middle-class americans. susan mcginnis is in washington with the latest now. susan, good morning to you. >> hi. good morning, terrell. both sides are talking publicly about what they want. the gop pushing back against that. but privately negotiations do continue. in an exclusive interview airing on abc's "20/20" this friday night, president obama says he's optimistic a deal will be reached, and he's confident the gop won't hold the middle-class taxes hostage to protect higher income americans. >> taxes are going to go up one way or the other, and think the key is to make sure the taxes go up on higher individuals like you and me, barbara. we can afford it. >> reporter: earlier on tuesday the president and house speaker john boehner shared a phone call to discuss the latest republican proposal. it comes after the obama administration lowered its request for new tax revenue from $1.6 trillion in over ten years to 1.4 trillion. but before the call boehner was critical of the president. >> right now the american peopl
came together to push a ban on assault rifles. they may have a new supporter in president obama. he wants new laws to try to prevent another tragedy like the one at sandy hook elementary school. >> the fact that we can't prevent every act of violence doesn't mean we can't steadily reduce it. >> reporter: as head of the president's task force, vice president biden will look into banning assault weapons but gun advocates say that's not necessary. >> there are lots of things we can do to make sure only the right people have firearms. >> reporter: there will be at least nine more funerals or viewings today. on wednesday each of the victims was remembered in his or her own special way. paul simon sang at the funeral for 27-year-old teacher victoria soto. she died trying to protect her first grade teastudents. >> she gave her life for her kids. it breaks my kids. >> 7-year-old daniel barden wanted to be a firefighter when he grew up, so firemen across the region said good-bye to him as though he were one of their own. carolyn prev ity liked to draw and dance. principal dawn hochsprung was
. the gunman adam lanza carried hundreds of rounds of especially deadly ammunition. last night president obama met privately with families in newtown and then spoke at a memorial service. the president said, quote, we can't tolerate this anymore. we must change. he ended his remarks by reading the names of the 20 child victims. >> charlotte, daniel, olivia, josephine, ana, dylan, madeleine, catherine, chase, jesse, james, grace, emilie, jack, noah, caroline, jessica, benjamin, avielle, allison. god has called them all home. >> erica ferrari is in newtown this morning. erica, good morning to you. >> reporter: good morning, terrell. behind closed doors, the president reportedly told connecticut's governor that friday was the single most difficult day of his presidency. the tears flowed freely as the people of newtown, connecticut, remembered those gunned down at sandy hook elementary school. >> we gather here in memory of 20 beautiful children and six remarkable adults. >> reporter: president obama said he brought with him the love and prayers of the nation. >> i am very mindful that mere words
. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military rifle used in the connecticut school massacre. he left behind a chilling note. >> reporter: the christmas eve fire in western new york burned seven homes to the ground, but police say
. president obama has nominated john kerry to be her replacement. >> marlie hall in new york this morning. >>> also today is the final day of fiscal cliff negotiations. hope of reaching a wide-ranging deal in automatic spending increases and tax cuts is all but gone. spending would be reduced and cuts would be felt in all areas of the government. economies have warned that going over the cliff would cause a spike in unemployment and trigger another recession. this morning the senate reconvenes with the aim of reaching a smaller deal, one that might spare millions of americans from paying her taxes. danielle nottingham reporting now from washington. >> lawmakers are still working on it. >> i want everyo one to know i' willing to get this done but i need dance partner. >> the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop.
continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back on any increase in taxes. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> but senators say there is some movement on the issue. >> there's a lot of give and take right now but republicans doan want to see new revenues in other words, tax increases be used for spending. >> the president says if there's no deal by the end of the day, they should draw up a new tax plan. >> there should be a right to vote. if republicans don't like it they can vote no but i actually think there's a majority support for making sure the middle-class families are held harmless. >> a white house proposal to increase estate taxes also held up negotiations over the weekend. now, even if the democratic-led passes, it still has to get
are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say their plan would cut $2.2 trillion from the federal deficit over ten years. with $600 billion in health care cuts, $300 billion in cuts to mandatory spending and another $300 billion in cuts to other federal spending. the biggest difference between the republican plan and the president's remains taxes and how the government can generate more revenue to pay down the debt. >> rates have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republ
hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition fr
with the negotiations to avert the so-called fiscal cliff. so far this week, president obama and house speaker john boehner have spoken twice. boehner says differences remain and he's told lawmakers not to make plans for the week after christmas, which means we'll probably be here, too, including susan mcginnis in washington this morning with the latest. susan, good morning to you. >> hi. good morning, terrell. as the white house continue to fail at coming to a conclusion on the budget, this fiscal cliff is not waiting for the end of the year. it's affecting america today. well, even santa claus is upset. santa claus showed up on capitol hill wednesday, urging congress and the white house to strike a deal to avoid the looming fiscal cliff before christmas. >> it's discouraging that our elected leadership in congress can't come together to get the job done for the american people. >> reporter: both sides say it's putting a damper on the holidays. >> i think it's going to be extremely difficult to get it done before christmas. ? . >> in anticipation, there is no agreement. congressional leaders told
boehner is pushing ahead with a plan separate from the one he's trying to negotiate with president obama. he calls it plan b. the white house and democratic leaders have already rejected boehner's idea. nancy cordes has the details now from washington. >> our plan b would protect the american taxpayers. >> reporter: speaker boehner says he'll take his plan directly to the house floor with a bill to extend the low bush cut tax rates for all americans making less than $1 million a year. that's far higher than the $400 income cut-off the president is currently proposing, higher still that president obama's campaign promise to let taxes rise on households make 2g $50,000 or more. boehner said he has to bypass talks with the white house and pull the vote on his plan now because the president's latest fiscal cliff proposal still isn't balanced between taxes and cuts. >> what is your definition of a balanced deal? does it have to be dollar-for-dollar spending cuts on tax revenue increases? >> most people would agree it's balanced. >> reporter: but can it just be close to that, or does it have t
yesterday in his native hawaii. more than a thousand people including president obama attended the services. inouye was a winner of the medal of honor and was remembered as a war hero. he was the first japanese-american elected to both houses of congress. inouye died monday. he was 88 years old. >>> and coming up on the "morning news," holiday cheer. children affected by hurricane sandy get presents from some generous secret santas. this is the "cbs morning news." for what? when things were tough, you kept believing in me... you helped make this happen. thank you. [ jane ] behind every open heart is a story. tell yours with my open heart collection at kay jewelers, the number one jewelry store in america. there are millions of reasons to give one, but the message is always the same. keep your heart open... and love will always find its way in. you did it, daddy. we did it. ♪ every kiss begins with kay is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america
. >>> and now to the efforts to avoid the so-called fiscal cliff. president obama returns to washington later today and the senate is due in session, but just about everyone agrees with just five days left, the possibility for a grand bargain to avoid across-the-board tax increases and spending cuts is all but lost, and even prospects for watered down deals seems slim. tara mergener is in washington with more. tara, good morning. >> good morning, duarte. yes. hopes for legislation to avoid the fiscal cliff now turns to the senate, but white house and republicans remain far apart. senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the fiscal cliff. higher taxes will give the average american about $1,500 less to spend next year, and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short-term spending cuts until a bigger deal can be reached. >> it is going to be a patch because in four days we can't solve everythi
, the vatican. >>> president obama is in hawaii for christmas. the president is expected to spend a quiet day with his family. with the president and congress on a short holiday break, there's been no movement on fiscal cliff negotiations. before he left washington, the president said he believes a deal could be made before the december 31 deadline. >>> u.s. troops celebrated their 12th consecutive christmas in afghanistan. service men and women attended a service at the nato base in kabul, sang some carols, then enjoyed a holiday dinner. >>> and coming up on the "morning news," he may be messy funny, jack klugman from "the odd couple "has died. a look back at his remarkable career. [ female announcer ] introducing u the latest coffee machine from nespresso. modular. intuitive. combines espresso and fresh milk. the new u. nespresso. what else? available at these fine retailers. >>> firefighters in california battled a raging river yesterday to rescue a homeless man. he was living on an island in the los angeles river and got into trouble after a fast-moving storm tore through the area. rescue
Search Results 0 to 27 of about 28 (some duplicates have been removed)